Audit of 340B Tech Solution Successfully Completed

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After close examination, hospitals and pharmacies can feel good about using CaptureRx’s 340B technology to vastly improve pharmaceutical operations and revenues.

CaptureRx provides many of our clinic programs their single
largest net revenue stream.

San Antonio, TX (PRWEB)November 9, 2010

CaptureRx announced today that Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., completed an independent audit of the CaptureRx technology solution. The Type I SAS 70 audit resulted in a clean/unqualified opinion relative to the controls covered for application and execution of 340B programs that hospitals and pharmacies use.

GOOD NEWS FOR PATIENTS WHO NEED BETTER ACCESS TO MEDICINES
CaptureRx uses network and software technology to help hospitals and other medical facilities reach out to patients in their communities who are under-served and in need of lower-cost medicines and supplies. “Hospitals and pharmacies that qualify for the government’s 340B program can realize the program’s full potential with the full-spectrum technological solution CaptureRx provides,” says Edward Gilmartin, Chief Operation Officer of CaptureRx, “CaptureRx also provides many of our clinic programs their single largest net revenue stream to be used for expansion of medical services.”

MEETING NEEDS WHILE MEETING THE HIGHEST STANDARDS
The Crowe Horwath LLP Type I SAS 70 audit of the CaptureRx system covered: management controls, operations, application development, problem management, physical and system security, sales and marketing contract execution, prescription handling and filters, and client billing. The audit performed, Statement on Auditing Standards (SAS) No. 70, Service Organizations, is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA).

CAPTURERX PROVIDES EXPERT GUIDANCE ON EVERYTHING 340B
Any hospital or pharmacy can contact CaptureRx to learn about 340B: from finding out how a hospital qualifies, to building and contracting pharmacy networks. Many hospitals realize money savings and new revenue within the first month. Go to http://www.capturerx.com for more information.

ABOUT CAPTURE RX
Formed in 1999, CaptureRx serves community government programs, mental health and safety-net clinics and hospitals. Through innovative technology, CaptureRx offers lower drug costs, manages pharmacy benefits, provides network-based patient assistance, and Public Health Service 340B Drug Discounts. CaptureRx manages some of the largest 340B programs in the country; operates the largest 340B pharmacy claims capture network nationwide, and is a pioneer and technology leader in 340B processing and automation through its proprietary internet "cloud" based platform. For more information, go to http://www.capturerx.com , or call 888-345-6424.

ABOUT CROWE HORWATH LLP
Crowe Horwath LLP (http://www.crowehorwath.com) is one of the largest public accounting and consulting firms in the United States. Under its core purpose of “Building Value with Values®,” Crowe assists public and private company clients in reaching their goals through audit, tax, advisory, risk and performance services. With 26 offices and 2,400 personnel, Crowe is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Horwath International, one of the largest networks in the world, consisting of more than 140 independent accounting and management consulting firms with offices in more than 400 cities around the world.